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I too would be interested to hear any other views on the Sunshine Coast property market please. We have one IP there since 2007 and are considering offloading it as it is just not performing, concerned though as is usual I guess as to if the turnaround might be next year and so may be worth holding a little longer.
Any one with any knowledge, insight into that market please!
Not quite 18% at present as this I have just read on their website
The service fee is calculated as a percentage of the rent and varies depending on the property type: they charge 16.5% (including GST) for freestanding houses.
Shedin
So a year on from this post i would love to hear how you are all positioned and thinking now regards this area? There seem to be many towns in this area that have and look to continue to do very well into the next 10-20 years.
In looking at this region compared with Mackay, Townsville areas I am seeing that this region has more than just mining sector and LNG, it has agriculture, cattle…. however I keep believing that our East Coast towns/cities will always be where the longevity will be, so short term and long term gain.
Very undecided between the two regions, leaning though towards the coast, for possible cask flow plus longer hold as opposed to Surat for just possible cash flow and short term…
Your comments please…those that have purchase in Surat, those that are looking seriously at it, today and tomorrows pros and cons as you see them a year on from these comments of 2011.
Thanks
I am 99% sure you can do this …also if not legally married you can buy 1 in each persons name so that you get the FHOG whenever you buy a place, then when ready to buy the next the title goes in your partners name and she/he gets FHOG again. This is what we were able to do after I purchased with then wife… then divorced purchase in now partners name, received FHOG as hadn't purchased before!
On further due diligence every one of them in the complex seems to be for sale…that obviously not a good start! Steering away from over 50's villages!
With our aging population as we are hearing daily would over 55's accommodation be improving as an investment these days? If I am seeing 2 self contained studio units on one title sold together for $130K and renting at $140-$170 a week each even with body corp and other fees, considering the area…these figures add up dont they?
When this post was first started it was advised to look for properties around the $100K up, that was in 2006…
Who might like to update please to what they expect we should be able to look for as a reasonable buying price equivalent in 2012/2013?
Thank you
This is where I found their link from: Sorry dont know how I got to the property opps one, have seen soooo many websites over last few weeks and so many do's and dont's and can's and cant's re looking at our 3rd property I am totally overwhelmed! LOL
Hi Derek,
We do not have a home, we have lived in both the above properties when they were each purchased, we now rent in Sydney. I expect our loans are cross collateralised and probably because we needed maximum loan percentage each time.
Again, thank you all for the input, I am checking each day for more forums here and more replies of information and advice to this post.
We do have a broker whom we have purchased the previous 2 properties through and whom we are very happy with, but always happy to expand and not have all eggs in the one basket!
Have been in touch with a few of you whom have offered advice here and I so very much appreciate all that we have discussed to date.
I feel Location, location, location is nothing compared to Homework, homework, homework!
Any continued advice, opinions, recommendations still greatfuly viewed..
Cheers
Shedin
Hi members,
I attended tonight a cashflow Capital information night in Sydney hosted by Andre Knott, alot of figures, numbers, projected population growth areas etc…and at the end an invitation to join the mentor program..
I am very much a newbie and very unknowledgeable in regards to real estate, accounting, financing etc and so whilst we have 2 neagtively geared properties I am of no doubt now that we need to move towards positively geared.
As with many I feel uncomfortable myself wasting time to try to educate myself in the area required I would very much prefer to be mentored and to outlay some money (that I believe in making back in quick time), in order to LEARN from professionals what to do…This way I feel I can learn and do, rather than spend time trying, doing blindly and wasting time and money!
I was hoping to find more current opinions, advice, experiences from people regards Cashflow Capital or similar in these forums yet have only found this thread, if anywhere else please do help direct me there.
Thank you
Shedin
P.S have also just found another short thread on here: Investor work shop night by Andre Knott….thanks
Thank you for your replies thus far! My fingers are doing some substantial walking as I investigate, delve, prod and poke all that is out there in PI land..
Cheers
